Australia and Oceania: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Australia and Oceania

The metal hot-worked helical spring market in Australia and Oceania rose modestly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in Australia and Oceania

In value terms, metal hot-worked helical spring production expanded slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports in Australia and Oceania

Metal hot-worked helical spring exports fell rapidly to X tons in 2022, reducing by X% on 2021. Overall, exports, however, saw a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, metal hot-worked helical spring exports reduced to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Australia prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. New Zealand (X tons) held a relatively small share of total exports.

Exports from Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest metal hot-worked helical spring supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hot-worked helical spring export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Iron or Steel Hot-Worked Helical Springs

Imports in Australia and Oceania

Metal hot-worked helical spring imports stood at X tons in 2022, growing by X% compared with 2021 figures. Overall, imports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring imports rose remarkably to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia represented the key importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by New Zealand (X tons), mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal hot-worked helical spring imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported iron or steel hot-worked helical springs in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, remaining constant against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hot-worked helical spring import price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :